Almost like being paid to live there. 

or, do you cash flow only after you've paid back your closing costs and your rent ready costs? 

Sounds like she has a loan on the property still so the only way to get the deed into your name is to have the loan paid off like normal. unless she has an assumable FHA loan. 

I'm curious why I did not receive it, as I paid in full, and it is already on my credit card!

Quote from @Dylan Gomez: I inherited two homes, both were paid off one was livable, and I now live in it, the other was a rental in TERRIBLE condition.

If they default, you keep deposit and anything they have paid prior to default and simply evict them.

They have a podcast, a mentorship program , and a website with (paid) investor reviews in less than a month.

They have since moved on to a new manager that is in close communication with me to get the repairs done and SDIRA is even offering to pay me the missing rent for December that the evicted tenant never paid.

Ran into many problems with contractors along the way, paid for some material twice as well as some projects to be redone.

.: I recommend you invest between your two ears as much as possible, whereas 20 K is not going to get you very far in and of itself.I have a masters (student loans paid off) and read 8-10,000 pages a year.